Indian Market Close
The Nifty 50 closed at 24,147.30, down 71.75 points or 0.30%, after a volatile session marked by intraday swings. The index opened at 24,175.75, touched a session high of 24,198.25, and slipped to a low of 24,115.45 before settling near the day's lows. The Sensex ended marginally lower at 77,279.33, shedding 89.78 points.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,147.30 | -71.75 | -0.30% |
| Sensex | 77,279.33 | -89.78 | -0.30% |
Sectoral Divergence
Nifty Bank underperformed, falling 111.65 points to 57,414.30, while Nifty IT bore the brunt of selling pressure, dropping 295.30 points to 30,301.60. The tech selloff weighed on the broader indices even as select defensive pockets held steady.
Agriculture and allied industries emerged as the top-performing sector, gaining 2.27%, followed by distributors (up 0.83%) and e-commerce/app-based aggregators (up 0.76%). Telecom equipment and infrastructure services added 0.66%. The divergence underscored stock-specific action amid subdued overall sentiment.
GIFT NIFTY Session
GIFT Nifty closed at 24,336.00, up 184.5 points or 0.76% from the prior close of 24,151.50. The contract opened at 24,152.00 and spent the first half of Session I range-bound between 24,134.50 and 24,170.00. A sharp rally materialized after 5:00 PM IST (17:00 SGT), with prices surging from 24,194.00 to a session high of 24,337.00 in the final hour as global markets firmed.
| Metric | Level |
|---|---|
| Open | 24,152.00 |
| High | 24,337.00 |
| Low | 24,134.50 |
| LTP | 24,336.00 |
| Change | +184.50 (+0.76%) |
The derivative contract closed 188.70 points above the Nifty 50 cash close, reflecting a firmer post-market tone. GIFT Nifty traded in a 202.50-point range, with the late-session surge reversing earlier weakness that had pulled the contract below 24,140.00 during the afternoon.
Session II Outlook
GIFT Nifty heads into Session II at 24,336.00, trading at a premium to the cash close after recovering sharply from intraday lows. The contract's late rally suggests renewed buying interest ahead of Tuesday's Indian market open.